The tax office is indispensable for self-employed people, but often also very daunting.
Below you will find out why you should concern yourself with the topic of tax office and what you should pay attention to in order to be successful.
Contents
Trouble with the tax office
Nobody wants to mess with the tax office. Once the tax office has their eye on you, this usually means expensive additional payments. Things get tricky when the auditor announces his arrival, unless you have dealt with the issue sufficiently.
That’s why you should regularly deal with this topic as a founder and later as a self-employed person. Starting with the documents that you receive from the tax office when you set up your business and have to fill them out, through to the regular appointments for tax returns, advance payments, closing and more.
Trouble with the tax office is often a major reason why self-employed people fail. While the order situation is good overall, payments to the tax office are simply not planned for and liquidity suffers from unexpected demands.
Therefore, it is important to always know all the tax office’s deadlines and prepare accordingly.
Proper accounting
The basis for this is proper bookkeeping. Especially for self-employed people on the internet, the GoBD (principles for the proper management and storage of books, records and documents in electronic form and for data access) apply .
The requirements for the accounting software used south africa cell phone number list have become significantly more stringent and the accounting itself must of course also meet the requirements. You should definitely take a look at professional online tools that will help you keep track of things and create proper invoices.
Whether you want to do it all yourself is a personal decision. Of course that is possible, but then you have to deal intensively with the tax issues and keep yourself up to date. It also takes up a lot of time and many self-employed people do not want to deal with it in any more detail.
It can therefore make sense to outsource the accounting and any contact with the tax office. There are enough service providers who offer exactly that. Some self-employed people use this option because it gives them more time for their actual work.
My experiences
I have to say that during my business studies I also came into contact with accounting and taxes . But I didn’t like it at all back then and this aversion continues to this day.
That’s why, from the very beginning of my self-employment, I handed over all tax-related tasks to a tax office. This freed me from a lot of work and I don’t have to keep track of deadlines.
But of course this only works if we work together well. After all, I have to have money ready for advance and additional payments, for example. I get the 5 golden rules for making legal telemarketing calls information about the amount and dates from the tax office. Other tax issues are also discussed, so that although I don’t have to worry about them myself, I always know exactly what I have to look out for.
Of course, this also includes writing flawless invoices cameroon business directory and collecting my receipts and preparing them for accounting. But this is actually just hard work that I do once a month.
After more than 10 years, I can only say that I am very happy with my decision. When I see what demands the tax office has made of me in the past, I would certainly have been unprepared on one or two occasions without professional help and would probably have run into problems.